By Tag Clar Editorial
Recent tensions in the Strait of Hormuz have once again highlighted the sensitivity of the shipping industry. Despite the existing crises, the results of a survey indicate that many companies will remain dependent on fossil fuels in the future.
Why Does Shipping Rely on Oil?
Many experts believe that the use of oil as the primary fuel source in shipping will continue for economic reasons and its easy accessibility. Meanwhile, some other companies are seeking alternatives such as nuclear energy, which comes with higher costs.
Given the current conditions, it seems that the shipping industry is at a crossroads: should it move towards more sustainability or resist potential costs and risks associated with fuel change? This is a question that will soon have an answer.
